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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM).

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The UK's AI Opportunities Action Plan -- a procurement view

How to Crack a Nut

Some of these proposals go to the current weaknesses in public sector AI procurement, such as the absence of a clear and consistent framework for the procurement of AI, limited use of open source solutions, limitations in accessing public sector specific data (on which section 1.2 Procurement contract terms should set standards (e.g.

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Tightened Payment Terms for Public Procurement Suppliers

Spend Network

The UK government's new tightened payment terms for suppliers in public procurement contracts signals a vital move that will have far-reaching impacts across the business landscape when bidding for contracts.

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The Importance of Ethical Procurement Practices in Public Sectors

The Procurement School

Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I To accept the bid would put the organization at risk of being sued by all the other 6 compliant bidders for the value of this contract of $9 million plus up to 2 years of lost profit”, the Director replied.

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Friday Flash 08/23/2024

The Coalition for Government Procurement

4 The Court rejected the government’s contention that because OTs are not procurement contracts subject to the Federal Acquisition Regulation (“FAR”), they are necessarily removed from the Court’s bid protest jurisdiction. Examining the text and legislative history of the OT statutes at issue (i.e.,

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How To Win Management Consultancy Tenders In 2024?

Tracker Intelligence

Specific domain exposure enables firms to track leads, anticipate tender notifications, arrange bid financing and build relevant credentials even before tender announcements. Tap into our database of 700,000+ procurement contracts to identify qualified opportunities that match your expertise.

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Procuring AI without understanding it. Way to go?

How to Crack a Nut

This risk is particularly acute for high-risk applications of [algorithmic systems], for example where an [algorithmic system] determines a person's access to employment or housing or where the application is in a highly regulated sector such as finance ’ (at 10).